TAMPA, Fla. – Buccaneers quarterback Baker Mayfield sued his father’s company last week for breach of contract for failing to repay millions, according to court documents obtained by ESPN.

The lawsuit was filed on November 22 in U.S. District Court in Texas on behalf of Mayfield, his wife Emily and their company, Team BRM, LLC (TBRM). It alleges that Camwood Capital Management Group and its subsidiaries obtained $12 million from the Mayfields between 2018 and 2021 without their knowledge or consent.

Mayfield’s father, James W. Mayfield, is listed on his website as the founder and senior managing director of Camwood Capital. Baker Mayfield’s brother, Matt Mayfield, is listed as managing director of Camwood Capital.

According to the lawsuit, between 2018 and ’21, Baker and Emily Mayfield’s “substantial sums of money” were transferred from their personal accounts and those of TBRM, primarily to Texas Contract Manufacturing Group (TCMG), one of its subsidiaries. The lawsuit alleges that the Mayfields’ assets were distributed by Camwood and used to pay general operating expenses, such as payroll obligations, without proper accounting or explanation. The lawsuit alleges that the Mayfields’ assets were used as the primary source of financing and capitalization for the company, that they recorded or accounted for no debt and that they received no equity interest in the company.

In August 2023, the Mayfields filed a petition asking for information about possible misappropriation of funds.

The lawsuit states that once the Mayfields uncovered Camwood’s alleged misconduct and sought answers to explain the seizure of their assets, the company “attempted to obscure the relevant information, avoided Plaintiffs’ investigations and made fictitious explanations for their fabricated deeds.”

“None of these efforts could change the reality that Defendants took money from Plaintiffs with no plan or ability to repay it,” the lawsuit said.

The two parties reached a confidential settlement on January 23, 2024, under which Camwood Capital would repay a total of $11,741,000.00, plus interest, in installments beginning on September 30. The lawsuit states that the defendants were also required to refinance an existing loan to Free Up Capital to repay the Mayfields and give them access to the defendants’ books and records. The lawsuit states that none of these obligations were met.

“It is now clear that Defendants did not intend to cure Plaintiffs when they entered into the settlement agreement,” the lawsuit said. “To date, Camwood Capital has not repaid a single dollar under the settlement agreement, Defendants have failed to refinance their existing loan, and Defendants have not provided Plaintiffs with access to their books and records (continuing a pattern and practice of allowing Plaintiffs are prevented from accessing relevant information).”

The lawsuit calls for Camwood to repay the $11,741,000, plus interest.

Mayfield, selected first overall in the 2018 NFL draft by the Cleveland Browns, signed with the Bucs on a one-year “prove-it” deal in 2023 to take over for the retired Tom Brady. After leading the Bucs to an NFC South title and being named to the Pro Bowl last season, Mayfield re-signed with the team on a three-year deal worth $100 million.